US Stock Futures Down Ahead Of Pending Home Sales Index

US stock futures are lower this morning, as investors are awaiting the pending home sales index. Futures for the Dow Jones Industrial Average dropped 33 points to 14,445.00 and S&P 500 index futures fell 3 points to 1,554.10. Nasdaq 100 futures declined 4.25 points to 2,795.50. US stocks closed higher on Tuesday, with the Dow Jones Industrial Average rising 0.77% to 14,559.65, the S&P 500 index gaining 0.78% to 1,563.77 and the Nasdaq 100 index surging 0.53% to 3,252.48. The MBA purchase applications index will be released at 7:00 a.m. ET, while the pending home sales index for February will be released at 10:00 a.m. ET. The EIA weekly report on petroleum inventories will be released at 10:30 a.m. ET, while data on farm prices will be released at 3:00 p.m. ET. SAIC SAI posted upbeat fiscal fourth-quarter earnings and also declared a special cash dividend of $1 per share. Paychex PAYX is expected to post its Q3 earnings at $0.39 per share on revenue of $592.62 million. Red Hat RHT is projected to post its Q4 earnings at $0.30 per share on revenue of $349.64 million. Asia Entertainment & Resources AERL is estimated to report its Q4 earnings at $0.33 per share. PVH PVH is projected to post its Q4 earnings at $1.50 per share on revenue of $1.60 billion. HB Fuller Co FUL is expected to post its Q1 earnings at $0.50 per share on revenue of $472.92 million. Steelcase SCS is estimated to post its Q4 earnings at $0.19 per share on revenue of $709.47 million. Verint Systems VRNT is estimated to post its Q4 earnings at $0.75 per share on revenue of $226.28 million. Lindsay LNN is projected to report its Q2 earnings at $1.30 per share on revenue of $163.26 million. UniFirst UNF is expected to report its Q2 earnings at $1.13 per share on revenue of $328.59 million. SYNNEX SNX is expected to post its Q1 earnings at $0.88 per share on revenue of $2.44 billion. Texas Industries TXI is estimated to post a Q3 loss at $0.41 per share on revenue of $140.98 million. European markets were lower today. The STOXX Europe 600 Index fell 0.23%, London's FTSE 100 Index dropped 0.06%, French CAC 40 Index declined 0.70% and German DAX 30 index fell 0.70%. Asian markets ended higher, with Japan's Nikkei Stock Average gaining 0.18%, China's Shanghai Composite dropping 1.09% and Australia's S&P/ASX 200 rising 0.85%. Hong Kong's Hang Seng Index gained 0.69%.